Dubai, United Arab Emirates, October 22nd, 2024,
Chainwire
Bybit, the world’s second-largest cryptocurrency
exchange by trading volume, in collaboration with Blocks Scholes,
captures the pulse of underlying currents of BTC options in its
latest crypto derivatives report. The in-depth report offers a
comprehensive view of BTC’s implied price volatility beneath the
recent price surge in BTC spot prices on the surface.
The findings suggest the positive
movements in BTC spot places did not translate directly to the
derivatives market, and short-term volatility lurks as investors
are now holding out for the U.S. election results before acting on
the current bullish trends. It also showed BTC’s dominance over ETH
in traders’ positioning.
Key Insights:
Futures movements lag behind
Perps: The modest increase in futures open interest has
not matched the recent notable bullish movements of BTC spot
prices, and the market has yet to see the levels prior to the
option expiration in late Sep.
Perps ride the bull
run: By contract, perpetual swap open interest has been on
the rise reaching a new high in months. Spikes in trading
activities and increased participation in perpetual contracts
mirrored the optimism in the recent rally.
Election suspense in BTC
Options Volatility: The relative stability of short-term
options does not signal significant price chances for BTC in the
near term, but tension tied to the uncertainty of the U.S. election
could trigger movements post-result, which has shown a bigger
effect on BTC volatility than the recent surge in spot prices.
Access the Full
Report:
To read the full report in context
here for a deep dive
into the latest crypto derivatives trading trends and
signals.
#Bybit / #TheCryptoArk
/#BybitResearch
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by
trading volume, serving over 50 million users. Established in
2018, Bybit provides a professional platform where crypto investors
and traders can find an ultra-fast matching engine, 24/7 customer
service, and multilingual community support. Bybit is a proud
partner of Formula One’s reigning Constructors’ and Drivers’
champions: the Oracle Red Bull Racing team.
For more details about Bybit, users can visit Bybit Press
For media inquiries, users can contact: media@bybit.com
Contact
Head of PR
Tony
Au
Bybit
tony.au@bybit.com